Finding the Right Individual Health Insurance

More Americans than ever before are purchasing their own individual health insurance plans, and thanks to the Health Plan One comparison service, a lot of the time and effort to research and contact agents about various plans has been eliminated. When you utilize our tool, you can quickly find the best insurance plans for your specific needs at a price you can afford. Users of the tool report savings of hundreds of dollars per year, and it only takes a few minutes of your time.

Nonetheless, you need to make an informed choice to ensure you know what you’re buying. As a result, we have outlined some important considerations to make before finalizing the purchase.

Eligibility

One possible issue with the individual market is that insurers can reject you due to pre-existing medical conditions or lapses in health insurance. Watch out for those clauses, and if you are losing health coverage because you have been laid off from work, consider continuing to purchase coverage via the COBRA program. Once this coverage runs out, federal law requires insurers to sell you another policy, but there is no price guarantee.

Price

After using the Health Plan One comparison tool, please note the plan with the lowest premium is not always the cheapest. If you are paying a low monthly premium, you are probably subject to increased copays and deductibles. Then there is the matter of co-insurance. These extra costs can really add up if you end up receiving medical treatment during the course of the year, so make sure you understand the possible extra costs before committing to a plan.

High Deductibles for Good Health

The idea of paying a lot of money up front for medical treatment may be frightening, but if you are in excellent health, a high-deductible plan could be ideal. Policies with high deductibles allow you to become eligible for a health savings account (HSA), which helps you save money for health care and reduce your income tax too; this cash can then be used tax-free to pay for out-of-pocket medical expenses. Any unused cash in your HSA can be withdrawn without penalty once you reach the age of 65.

What Is Covered?

There is a chance your current doctor is not covered under your new health plan, so be sure to check and see if your primary care provider is approved by your insurer. Additionally, your new plan may not cover additional benefits such as prescription drugs. So-called “extras” like chiropractic care may not be covered either, so the best practice is to make a list of the prescription drugs you currently take, along with essential health services, and see if they are included.

Use Our One-Stop Search Tool

Health Plan One offers one of the best one-stop, state-specific health insurance comparison tools on the market. Benefit from the following:

Compare thousands of providers in all 50 states and the District of Columbia.

Choose between reputable providers, such as Aetna, Unicare, Oxford, Cigna, and many more.